Slimcoin | First Proof of Burn currency | Decentralized Web

[muf18]

I agree that ICOs are not bad per se. However, I would prefer for Slimcoin to stay away from ICOs.

One could, imo, use ICOs to fund particular, slimcoin-based apps (cryptovore's "slimvm", for example?), but not "the coin as a whole", because that changes radically the value proposition of a cryptocurrency. While some coins like Ethereum had success with an "ICO-to-fund-coin-development" model, others like Qora have failed with it. I think Ethereum, with it's well-known team, was an one-time success, other coins starting ICOs are more likely to go the Qora way.

Imo a multisig-based, multi-step bounty system is a better funding solution.

Well, Qora took ICO at pre-Eth times. Most coins ended up with at best 100-200 btc those days I think. After Ethereum ICOs started gathering thousands of BTC.

But yeah, of course it's not the only way. And it's anyway up to those who are working on the code – you and a couple of other devs. You're the core of the project, so you know better, I'm not going to argue about that.

Bounty system sounds great, although SLM price should be higher in order to make bounties desirable. Right now even 170K SLM which is 1% of the whole coin supply only costs 0.1 BTC.

First of all we would have to offer something imo (at least PoC on the current codebase) to make 'an ICO'. Do we have Proof of concept, that would at least show how w2w can work? Then after 2017 bubble, all legal stuff have gotten much more complex - which is why we would have to run in compliance to the local law, as it wouls be treated as security or choose localization that wouldnt treat ICO as security (although even such localization as Malta, have their regulatory frameworks updated now, and it's much more complex than it used to be). It requires money upfront to use, so it requires seed round. Now given we would all achieve it - then here is more tricks - we woul have to gather solid team, because it cant work as of now - a few volunteers without other developers, who could help with front-end and lack of designers. Also some full-stack developers would be needed.

[dzarmush]

I have proposed it in 2017, but there is a possibility to set up foundation - although there have to be at least 2-3 people, who could help me handle the paper work.

Peter from Coinpaprika also said in Telegram group that he think foundation would be a great step forward.

That's probably the most logical thing to do at the moment. Do you know how to do it?

[d5000]

I would support building up a foundation, but I have no experience in this field and I don't know if there's some minumum capital needed - that surely depends on the country one chooses to establish it there.

Peercoin is another relatively small crypto community that set up a foundation, maybe they can share experiences. Their foundation seems to be established in the Netherlands (https://peercoin.net/foundation). As an alternative to an own foundation, I always liked the idea to establish a partnership with Peercoin as both coins share code and technology (while Slimcoin "extends" it with PoB) and also a bit of the "eco-friendly" "ideology" - but I don't know if that would be possible.

PS: In PPC's forum there seems to be some material about their foundation, maybe I can extract some information from there.

[gjhiggins]

thanks,
but sadly i still have problem with the wallet.

Try this: https:minkiz.co/noodlings/slm/slimcoin-qt-win-bdb4.8.zip

Cheers

Graham

[keliokan]

thanks

K.

No more problem of double spending when i try to send coins but now it just said that i don't have enough. "amount exceeds your balance"

thanks,
but sadly i still have problem with the wallet.

Try this: https:minkiz.co/noodlings/slm/slimcoin-qt-win-bdb4.8.zip

Cheers

Graham

[gjhiggins]

thanks

K.

No more problem of double spending when i try to send coins but now it just said that i don't have enough. "amount exceeds your balance"

It is too difficult for me to take this any further, that's not an error message.

This is untested code which is why it's in the development branch and not yet merged with the Slimcoin master branch. If you want to explore the functioning and reliablility of the optimized PoS contributions etc, testnet is an appropriate environment.

Early indications are that the coin control addition is buggy (I added it as a last-ditch attempt to satisfy a novaexchange requirement that would otherwise have caused them to delist SLM) - so leave it disabled in the options or - if you turn it on to see your UTXO set (which is what the list shows), turn it off when sending coins.

I have a wallet on mainnet that isn't staking - but then again, few addresses are staking atm, there was just one staking addy yesterday, at other times the emissions have been 100% PoW/POB for most of the day.

I've re-enabled access to the Slimcoin ACME whiile I get my head round the specific IA and UX issues (the ACME code's here if you want to keep an eye on the commits: https://github.com/gjhiggins/acme) - the same caveats apply (prototype code, unoptimised and uncached, liable to swamp the client's RPC with getblock requests) so please be gentle. "Publications" doesn't yet show d5000's torrent inscription because the RDF graph is incomplete - I'm having to recreate the mapping from the Slimcoin blockchain to the RDF graph, the latter having huge holes in its record, created when the server got a bit bogged down and whole rafts of blocknotify messages had to be skipped - it should take the best part of a day to do the re-mapping.

Testnet is working (in ACME, click on the Slimcoin logo+name in the upper left to toggle between mainnet and testnet explorers - note: the RDF graph is not yet mapped for testnet, so only the index page holds current info about the testnet blockchain) so if folks want to check out the development wallet using the test blockchain, that's now convenient. I'm fairly sure that in-wallet mining is nuked in the development client, so use the current Slimcoin master to mine your testnet blocks.

In passing, I'll re-advertise my different perspective on cryptocurrency https://minkiz.co/library/a-different-perspective-on-cryptocurrency.html - (also an example of the type of one-page website that one might publish via the SlimWeb service) and point out that as a lifelong sci-fi reader, upon the establishment of a Foundation I would be duty-bound to establish an alternative Second Foundation¹.

Cheers

Graham

¹ Eminently appropriate, as I am a psychologist by discipline

[gjhiggins]

I've been following Slim for almost 2 years and nothing really happened since then, except that it disappeared from CMC, which is the only popular list of coins and the price went to zero.

Thanks for the encouragement, by far the best way to motivate volunteer efforts.

It's CMC's issue - they've not updated their polling of Novaexchange - https://coinmarketcap.com/exchanges/novaexchange/ - the Novaexchange API produces the expected results: https://novaexchange.com/remote/v2/markets/

There's a form to contact CMC ...
https://docs.google.com/forms/d/e/1FAIpQLSeqpM6DVuxNRJ43oD90fCsm8UltR9oIiFaVxxqt3ch_eJ5Dlw/viewform?usp=send_form

Cheers

Graham

[muf18]

CMC won't re-list us - they say it's too low volume, and that exchanges provided aren't enough, I talked with them - it's really not worth it.

There are 2 cryptocurrency research platforms in place:
https://coinpaprika.com/coin/slm-slimcoin/
https://www.coingecko.com/en/coins/slimcoin

[dzarmush]

I can understand them. Well, hopefully with time we can make Slim more alive to get back to CMC. This foundation idea and closer connect with Peercoin community might help a lot.

[gjhiggins]

CMC won't re-list us - they say it's too low volume, and that exchanges provided aren't enough, I talked with them - it's really not worth it.

Many thanks for making the effort. An unsurprising response which we can use to reframe Slimcoin as a vintage boutique cryptocurrency, acknowledging: the longevity of the Slimcoin blockchain (think about it), unique tripartite minting, SlimWeb publishing, hodler-friendliness of PoSv1, ASIC-hostile dcrypt hashing algo and the persistent suppport of community contributors (such as your good self).

Some sidechannel intel on Freiexchange - AIUI, a community-originated effort to provide exchange support specifically for Freicoin and amenably, some old cryptocurrency friends (incl DTC & SLM) from the wider altcoin community but has subsequently expanded their list through recommendation, e.g.:  https://bitcointalk.org/index.php?topic=586674.msg49282359#msg49282359.

Cheers

Graham

[Edit] added Freiexchange note+ptr

[muf18]

Thanks @gj, I know that I was here not so much lately, but I can try to make some contribution now, I will update slimco.in site.

We can try to update information about Slimcoin on other crypto price tracking sites:
https://www.cryptocompare.com/coins/slm/overview - it's third most popular after cmc and coingecko

This is 4th: https://www.worldcoinindex.com - we arent listed here we could submit request
This is 5th: https://www.livecoinwatch.com - we arent listed here we could submit request
Then we are on other trackers apart from paprika and gecko:

https://coinlib.io/coin/SLM/SlimCoin
https://coincodex.com/crypto/slimcoin/
I have listed websites that have at least, or almost 1 million visits according to similarweb and rank2traffic.

Besides cmc is losing traffic quite hard -16% in january 2019. If trend will continue alternatives to cmc will have at least 40-50% of this market by the end of 2019.

[dzarmush]

Price responding nicely to the discussion )

[Atheneum Blockchain]

  Good luck with this project.  Interesting way of looking at things. 

[gjhiggins]

Price responding nicely to the discussion )

You are mistaken, I believe. Surely the price movement is merely reflecting a few substantial purchases (~600000 SLM) rather than just some speculative chatter?

Cheers

Graham

[dzarmush]

Price responding nicely to the discussion )

You are mistaken, I believe. Surely the price movement is merely reflecting a few substantial purchases (~600000 SLM) rather than just some speculative chatter?

Cheers

Graham

Price movement is reflecting substantial purchases? Well yeah ) Who’s gonna argue with this. But nobody was interested in even not so substantial purchases for about a year. And after the team said they’re thinking about foundation there were quite a few large buys on both exchanges. About 1000K on Nova. Also yesterday someone bought 200K on Frei.

[gjhiggins]

  Good luck with this project.  Interesting way of looking at things. 

Thanks for the good wishes. If you're referring to my different perspective, I'd argue that I'm merely pointing out how the obvious dots can be joined up. I've adjusted my mental model to accommodate that revealed reality because of the latter's explanatory power when applied to the domain of online SIGs (another way of describing an altcoin "community").

Cheers

Graham

[gjhiggins]

And after the team said they’re thinking about foundation

And there's the source of your misperceptions. You're the one who raised the issue of a foundation, you're the one who's hallucinating a team. Several community members have attempted to disabuse you of these misperceptions, perhaps you ought to take note of how unenthusiastically your suggestion was received and respect the maturity of the community collective perspective.

Given that a Foundation cannot sanction any adversarial pseudonym, it is by definition powerless, a futile attempt to weaken cryptography-enforced peer egality by introducing fanciful social distinctions and the fact that a pseudonymous entity has triggered this discussion merely testifies to its utter absurdity.

I've been following Slim for almost 2 years and nothing really happened since then

Then I guess you must be missing a lot of the picture ... perhaps you'd like to work your way up to date from 2 years ago:
https://github.com/slimcoin-project/Slimcoin/commits/master?after=5b12990602edade2fb71c5d6b04e493358113f21+174

Cheers

Graham

[dzarmush]

And after the team said they’re thinking about foundation

You're the one who raised the issue of a foundation, you're the one who's hallucinating a team. Several community members have attempted to disabuse you of these misperceptions, perhaps you ought to take note of how unenthusiastically your suggestion was received and respect the maturity of the community collective perspective.

Actually I suggested ICO, swap to new blockchain and more coins for development fund. Muf18 raised the issue of a foundation again as he did in 2017, d5000 agreed it's a good idea and Peter mentioned Peercoin and foundation in telegram.

I don't know what your definition of team but for me several community members who's been around for years and contributing to the coin on regular basis is a team. If you prefer to think about yourself as a community member who's merely contributing (if I remember correctly your post from 2017) and not as part of Slimcoin team that's fine too.

[gavrilo77]

Difficulty is too low ? Seems no POS, no miners

[d5000]

I have personally no preference with respect to a foundation. I think Slimcoin can exist without one without problems, but if people want to start one, I could support them with some work - for example, providing contents on the foundation website. But I won't contribute money or paperwork, for now.

Foundations can be good or bad - Bitcoin's foundation in the past had lots of problems and conflicts, while Peercoin's foundation seems to work well (although I've not really investigated about it).

If there is a foundation, however, it should be made clear that Slimcoin's foundation is independent from the Slimcoin project, and that there's no obligation to be part of the foundation - or to "obey orders" from it - to contribute to the project. The foundation should exist to promote Slimcoin, but not to be a body with "voting rights" on its development.

Just my thoughts on it.